##
#
##
##
|||||Page|
|---|---|---|---|---|
|Board ofTrustees
Report||||1-16|
|Independent
Auditors
Report to the||Members|and Trustees|17-19|
|ofthe Charitable
Company|||||
|Consolidated
Statement|ofFinancial|Activities||20-21|
|Consolidated
Balance Sheet||||22|
|Charity Balance Sheet||||23|
|Cash Flow Statement||||24|
|Notes to the Consolidated|Financial|Statements||25-43|
##
|Company|Registration|Registration|Number:|0176357Registered|0176357Registered|in England and Wales|in England and Wales|in England and Wales|
|---|---|---|---|---|---|---|---|---|
|Charity Registration||Number:||1049527|||||
|Registered Office:||||The Bradbury Centre|||||
|||||13Saville Street West|||||
|||||North Shields|||||
|||||Tyne 8 Wear|||||
|||||NE29 6QP|||||
|Board ofTrustees:||||Mr R.Adams||Chair|||
|||||Mr R.D. Morton||Treasurer|||
|||||MrJ Booth||(resigned||March 2022)|
|||||MsJ.Gillson||(resigned||January 2022)|
|||||Ms T.J.Harrison|||||
|||||Mr CSwan|||||
|||||lvlrs A Scurfield|||||
|||||Mr R Brown|||||
|||||Mr M Cotton||(elected||September 2021)|
|Group Chief Executive:||||Ms D. McNally||Group Chief Executive|||
|Bankers:||||Barclays Bank pic|||||
|||||3Northumberland|Square||||
|||||North Shields|||||
|||||Tyne 8 Wear NE301AX|||||
|Auditors:||||Robson Laidler Accountants|||Limited||
|||||Femwood
House|||||
|||||Fernwood
Road|||||
|||||Jesmond|||||
|||||Newcastle
upon Tyne NE2|||1TJ||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Note|I/ore stricted
funds|Restricted
funds|Designated
funds|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||2022f|2022|2022
6|2022
8|2021
F|
|Donations
and legacies|||4|12,974|||12,974|71,215|
|Charitable
activities|||5|1,227,832|342,244||1,570,076|1,377,606|
|Other trading
activities|||6|4,959,303|||4,959,303|4,386,650|
|Investments|||7|||||267|
|Total Income||||6,200,109|342,244||6,542,353|5,835,738|
|~E*
sh|||||||||
|Cost ofraising funds|||||||||
|Trading
activities||||4,287,247|||4,287,247|3,818,035|
|Charitable
activities|||8|1,806,664|342,244|20,190|2,169,098|1,862,513|
|Impairment
offixed|assets|||||||67,639|
|Total expenditure||||6,093,911|342,244|20,190|6,456,345|5,748,187|
|Nst incoming/(outgoing)
before transfers||resources||106,198||(20,190)|86,008|87,551|
|Gross transfers
between||funds||45,042||(45,042)|||
|Other recognised|gains|and losses|||||||
|Actuarisl
gain / (Loss) on||defined|||||||
|benefit pension scheme||||||(15,000)|(15,000)|(2,000)|
|Net movement
in|funds|||151,240||(80,232)|71,008|85,551|
|Fund balances
at 1|April|2021||776,880||1,039,975|1,816,855|1,731,304|
|Fund balances at|31 March 2022|||928,120||959,743|1,887,863|1,816,855|
##
##
##
|Prior financial yea|r|||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Designated|Total|
|||||funds|funds|funds||
|||||2021
6|2021
6|2021f|2021f|
|Income from:||||||||
|Donations
and legacies||||71,215|||71,215|
|Charitable
actidties||||1,084,871|292,735||1,377,606|
|Other trading
actidties||||4,386,650|||4,386,650|
|investments||||267|||267|
|Total Income||||5,543,003|292,735||5,835,738|
|]gg
Chl||||||||
|Cost ofraising funds||||||||
|Trading actidties||||3,818,035|||3,818,035|
|Charitable
actiVities||||1,476,424|319,529|66,560|1,862,513|
|lm paiiment
offixed|assets|||||67,639|67,639|
|Total expenditure||||5,294,459|319,529|134,199|5,748,187|
|Net incoming/(outgoing)
tra nsl'era||resources before||248,544|(26,794)|(134,199)|87,551|
|Gross transfers
between||funds||(211,752)||211,752||
|Other recognised|gains|and losses||||||
|Actuarial
gain I (Loss) on
scheme||defined|benefit pension|||(2,000)|(2,000)|
|Net movement
in funds||||36,792|(26,794)|75,553|85,551|
|Fund balances
at 1|Apdil|2020||740,088|26,794|964,422|1,731,304|
|Fund balances at|31 March 2021|||776,880||1,039,975|1,816,855|
##
##
|||||||Notes|2022|2021||
|---|---|---|---|---|---|---|---|---|---|
|Fixed assets||||||||||
|Tangible assets||||||13||721,424|667,363|
|In)astments||||||14||373,347|373,347|
|||||||||1,094,771|1,040,710|
|Current assets||||||||||
|Stocks||||||15|20,721|11,492||
|Debtors||||||16|515,407|566,360||
|Cash at bank and|in hand||||||754,083|795,921||
||||||||1,290,211|1,373,773||
|Creditors: amounts||falling due within|||one year|17|~4)4,455)|~485,814)||
|Net current assets||||||||875,806|887,859|
|Total assets less|current|||liabilities||||1,970,577|1,928,569|
|Creditors: amounts||falling due within|||one year|18|~82,714)||92,714|
|Net assets excluding|||pension scheme||liability|||1,887,863|1,835,855|
|Defined pension scheme||||liability||23|||(19,000)|
|Net assets||||||||1 887,863|1,816,855|
|The funds ofthe|charity|||||||||
|Restricted
funds||||||20||||
|Unrestricted
funds||||||||||
|General funds||||||21|411,778|491,065||
|Everyday
Care & Support||||||21|516,342|285,815||
|Designated - strategic||||||21|119,640|207,364||
|Designated
- Property|||and pension|||21|840,103|832,611||
|Total unrestricted||funds||||||1,887,863|1,816,855|
|Tots I charity funds||||||||1,887,863|1,816,855|
##
##
|||||||CHARITY|||
|---|---|---|---|---|---|---|---|---|
|||||Notes|2022||2021
f||
|Fixed assets|||||||||
|Tangible assets
investments||||13
14||650,386
373,351||645,438
373,351|
|||||||1,023,737||1,018,789|
|Current assets|||||||||
|Stocks||||15|1,081||1,433||
|Debtors||||16|450,444||306,505||
|Cash at bank and in hand|||||147,897||365,030||
||||||599,422||672,968||
|Creditors: amounts|falling due within||one year|17|~169,329||49,764||
|Net current assets||||||430,093||423,204|
|Total assets less current liabilities||||||1,453,830||1,441,993|
|Creditors: amounts|falling due within||one year|18||82,714)||92,714|
|Net assets excluding||pension scheme|liability|||1,371,116||1,349,279|
|Pension scheme liabilities||||23||||(19,000)|
|Net assets||||||1371 116||1,139,279|
|The funds ofthe charity|||||||||
|Restricted funds||||20|||||
|Unrestricted
funds|||||||||
|General funds||||21|411,373||290,304||
|Designated
-strategic||||21|119,640||207,364||
|Designated
- Property
Total inrestricted
funds||and pension||21
21|840,103|1,371,116|832,611|1,330,279|
|Total charity funds||||||1,371,116||1,330,279|
##
##
|||||Note|2022|2021|
|---|---|---|---|---|---|---|
||||||5|F|
|Cash flows from operating
activities|||||||
|Net cash provided
by (used in) operating|activities|||27|80,636|223,482|
|Cash flows from investing
activities|||||||
|Interest received
Purchase oftangible fixed assets
Net cash provided
by (used in) investing||activities|||~112,474
(112,474)|267
~48 831
(48,564)|
|Cash flows from financing
activities
Repayment
of borrowings|||||~30,000|~4388|
||||||(10,000)|(4,388)|
|Change
in cash and cash equivalents|||||(41,838)|180,530|
|Cash and cash equivalents
at the beginning
the reporting
period|||of||795,921|615,391|
|Cash and cash equivalents
at the end|of|the|||||
|reporting
period|||||754,083|795,921|
|Breakdown ofcash and cash equivalents|||||||
|Change
in cash and cash equivalents|||||754,083|795921|
##
##
##
##
##
##
##
|Fixed assets
AII fixed assets are initially recorded at|Fixed assets
AII fixed assets are initially recorded at|cost. Items under|9500 in|value are generally
not capi|
|---|---|---|---|---|
|The cost offixed assets is depreciated||over the expected|useful|lives of the asset as follows:|
|Freehold
land|||not depreciated||
|Freehold buildings|1.0%||straight|hne basis|
|Equipment|12.5%||straight|line basis|
|Fixtures 8 fittings|12.5%||straight|line basis|
|Office equipment|12.5%||straight|line basis|
|Motor vehicles|25.0%||reducing|balance basis|
|Computer
equipment|333%||straight|line basis|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Age UK|North Tynesi|d|e|e||||||
|---|---|---|---|---|---|---|---|---|---|
|Notes to|the financial||statements|||||||
|For the year ended 31 March 2022||||||||||
|4.|Donations|||||||||
||||||Unrestricted|Restricted|Designated|Total|Total|
||||||funds|funds|funds|2022|2021|
|||||||6||6|6|
||Donations||||11,632|||11,632|18,180|
||Government|grants|||||||50,405|
||Legacy||||1,342|||1,342|2,630|
||||||12,974|||12,974|71,215|
|5.|Charitable
activities|||||||||
||||||Unrestricted|Restricted|Designated|Total|Total|
||||||funds|funds|funds|2022|2021|
||||||8|5|6|8|6|
||Charitable
trusts grants||||223,617|342,244||565,861|588,464|
||Contracts/SLA||income||808,852|||808,852|706,152|
||Private individuals||||149,527|||149,527|63,097|
||income from transport||||45,836|||45,836|19,893|
||||||1,227,832|342,244||1,570,076|1,377,606|
|6.|Other trading||activities|||||||
||||||Unrestricted|Restricted|Designated|Total|Total|
||||||funds|fund|funds|2022|2021|
|||||||E|||f|
||Income from|EveryDay||||||||
||-Professional||care and support||4,847,395|||4,847,395|4,313,839|
||Catering
income||||74,726|||74,726|62,581|
||Rental income||from assets||25,168|||25,168|7,358|
||Income from|training||&support|||||2,860|
||services|||||||||
||Sale ofsundry||items||114|||114|12|
||Other income||||11,900|||11,900|12|
||||||4,959,303|||4959303|4386650|
|7.|Investment||income|||||||
||||||Unrestricted|Restricted|Designated|Total|Total|
||||||funds|funds|funds|2022|2021|
||Bank interest||||||||267|
##
|8.1.Direct costs|8.1.Direct costs|||||||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Designated|Total|Total|
||||Funds|Funds|Fund|2022|2021|
||||8|6||f|8|
|Staff &volunteer|costs||1,302,296|236,053||1,538,349|1,366,377|
|Premises costs|||110,039|||110,039|68,016|
|Overhead
costs|||242,984|14,343||257,327|117,840|
|Motor vehicle costs|||17,623|||17,623|14,744|
|Depreciation|||27,405||20,190|47,595|76,537|
|Marketing
8 promotion|||8,009|4,161||12,170|14,888|
|Food &provisions|||3,004|||3,004|2,280|
|Audit fees|||7,200|||7,200|6,000|
|Legal &professional||fees|61,511|1,739||63,250|46,004|
|Project 8 development||work|24,168|70,865||95,033|148,855|
|Sundry purchases|for re-sale||17,508|||17,508|972|
|Service charge|||(15,083)|15,083||||
||||1,806,664|342,244|20,190|2,169,098|1,862,513|
##
|8.2.Support costs|||
|---|---|---|
||2022|2021|
|Executive team|60,588|92,741|
|Finance|114,883|129,031|
|HR &training|114,590|100,805|
|Marketing
&communication|35,562|40,322|
|Quality &performance|19,757|20,161|
|Governance|22,391|20,161|
|Total support costs|367,771|403,221|
##
|8.3.|Governance|co|sts|||
|---|---|---|---|---|---|
|||||2022|2021|
|Staff|related costs|||30,803|27,507|
|Legal|and professional||fees|18,346|21,790|
|Other|costs|||(197)|17|
|Total|governance|costs||48,952|49,314|
##
##
##
##
||||
|---|---|---|
|Profit and loss account|2022|2021|
|Turnover|4,922,121|4,379,299|
|Cost ofsales|(4,691,189)|~4,171,4M)|
|Net Profit|230,932|207,835|
|Balance sheet summary|||
|Fixed assets|71,038|21,926|
|Current assets|905,304|1,021,559|
|Current
liabilities|(459,595)|(556,523)|
|Net assets|516,747|486,962|
##
##
|he group su|rplus
/ d|eficit is stated after charging
/ (creditin|g)||
|---|---|---|---|---|
||||2022|2021|
||||6|5|
|Depreciation|—owed|assets|58,413|151,631|
##
##
##
|Total salary costs analysed|Total salary costs analysed|by:|2022|2021|
|---|---|---|---|---|
|Wages|and saladies||4,931,828|4,282,392|
|National|insurance
contributions||325,298|277,141|
|Pension|contributions||152,807|130,645|
||||5,409,933|4,690,178|
|||2022|2021|
|---|---|---|---|
|||No.|No.|
|Executive|team|2|1|
|Leadership|team|6|5|
|Managers||17|14|
|Co-ordinators||32|17|
|Nurses||1||
|Officers||24|27|
|Assistants||228|245|
|||310|309|
##
##
||Freehold
Land|Fixtures
&|Motor||
|---|---|---|---|---|
||&Buildings
5|Fittings|Vehicles
5|Totalf|
|Cost or valuation|||||
|At 1 April 2021|1,286,719|535,818|74,864|1,897,401|
|Additions||112,474||112,474|
|At 31 March 2022|1,286,719|648,292|74,864|2,009,875|
|Depreciation|||||
|At 1 April 2021|705,741|481,449|42,848|1,230,038|
|Charge for the year|20,189|30,220|8,004|58,413|
|At 31 March 2022|725,930|511,669|450,852|1,288,451|
|Net book value|||||
|At 31March 2022|560,789|136,623|24,012|721,424|
|At 31March 2021|580,978|54,369|32,016|667,363|
|Chadty|Fre eh old Lan d|Fixtures &|Motor||
||&Buildings|Fittings|Vehicles|Total|
||6|F|6||
|Cost orvaluation|||||
|At 1 April 2021|1,286,719|423,868|43,191|1,753,778|
|Additions||52,545||52,545|
|At 31 March 2022|1,286,719|476,413|43,191|1,806,323|
|Depreciation|||||
|At 1 April 2021|705,741|384,612|17,987|1,108,340|
|Charge for the year|20,189|21,107|8,301|47,597|
|At 31 March 2022|725,930|405,719|24,288|1,155,937|
|Net book value|||||
|At 31March 2022|560,789|70,694|18,903|650,386|
|At 31March 2021|580,978|39,256|25,204|645,438|
##
|At 1April 2020 and 31 lillarch 2021|1,235,652|
|---|---|
|Depreciation
At 1April 2020|363,115|
|Charge for the year|12,357|
|At 31March 2021|375,472|
|Net book value||
|At 31March 2022|884,894|
|At 31March 2021|875,537|
||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2022
F|2021|2022|2021f|
||Investments|in wholly owned subsidiaries|||4|4|
||investment|Property|373,347|373,347|373,347|373,347|
||||373,347|373,347|373,351|373,351|
|15.|Stock||||||
||||Group|Group|Charity|Charity|
||||2022|2021|2022|2021|
|||||||6|
||Consumables||20,721|11,492|1,081|1,433|
##
##
|Debtors||||||
|---|---|---|---|---|---|
|||Group|Group|Charity|Charity|
|||2022|2021|2022|2021|
|||E|E|E||
|Trade debtors||185,307|302,351|132,389|131,138|
|Prepayments||43,773|57,863|19,825|32,996|
|Other debtors||30,620||30,620||
|Accrued|Income|255,707|206,146|53,089|19,873|
|Amounts|owed by group companies|||214,521|122,498|
|||515,407|566,360|450,444|306,505|
|Creditors||||||
|||Group|Group|Charity|Charity|
|||2022|2021|2022|2021|
|||E|E|E.|E|
|Trade creditors||52,259|64,256|22,933|41,513|
|Other creditors||33,741|29,868|14,730|10,210|
|Other taxes and social security||88,153|65,591|31,173|21,238|
|Accruals||206,876|211,138|67,117|61,742|
|Deferred income||23,376|105,061|23,376|105,061|
|Mortgage|(see note 18)|10,000|10,000|10,000|10,000|
|||414,405|485,914|169,329|249,764|
##
|As at 1 Apdl 2021|As at 1 Apdl 2021|105,061|
|---|---|---|
|Additions|in the year|23,276|
|Released|to income|(105,061)|
|As at 31|March 2022|23,376|
##
||Group|Group|Charity|Charity|
|---|---|---|---|---|
||2022|2021|2022|2021|
||E||E|E|
|Mortgage|82,714|92,714|82,714|92,714|
##
##
##
##
##
##
##
|21.|Unrestricted
funds||- group||||||
|---|---|---|---|---|---|---|---|---|
||Year ended 31 March 2022|||At||||At|
|||||1/4/2021|Income|Expenditure|Transfers|31/3/2022|
||||||6||||
||Unrestricted
funds||||||||
||General fund|||491,065|1,277,988|(1,806,664)|449,389|411,778|
||Everyday Care &Support|||285,815|4,922,121|(4,287,247)|(404,347)|516,342|
|||||776,880|6,200,109|(6,093,911)|45,042|928,120|
||Designated
funds||||||||
||Property
fund|||851,611||(20,190)|8,682|840,103|
||Strategic Development||fund|207,364|||(87,724)|119,640|
||Final salary pension|liability||(19,000)|||19,000||
|||||1,039,975||(20,190)|(60,042)|959,743|
||Total Unrestricted||funds|1,816,855|6,200,109|(6,114,101)|(15,000)|1,887,863|
||Year ended 31 March 2021|||At||||At|
|||||1/4/2020|Income|Expenditure|Transfers|31/3/2021|
||Unrestricted
funds||||||||
||General fund|||350,600|1,401,169|(1,380,450)|99,756|491,065|
||Everyday Care &Support|||389,488|4,379,299|(4,171,464)|~311,508)|285,815|
|||||740,088|5,780,468|(5,531,924)|(211,752)|776,880|
||Designated
funds||||||||
||Property fund|||981,422||(134,199)|4,388|851,611|
||Strategic Development||fund||||207,384|207,364|
||Final salary pension|liability||(17,000)|||(2,000)|(19,000)|
|||||964,422||(134,199)|(209,752)|1,039,975|
||Total Unrestricted||funds|1,704,510|5,780,468|(5,666,123)|(2,000)|1,816,855|
##
##
##
##
##
|Year|ended 31 March|ended 31 March|2022|At||||At|
|---|---|---|---|---|---|---|---|---|
|||||1/4/2021|Income|Expenditur|Transfers|31/3/2022|
|||||||e|||
||||||E|6|||
|Unrestricted
funds|||||||||
|General fund||||290,304|2,224,935|(2,163,908)|60,042|411,373|
|Designated
funds|||||||||
|Property
fund||||851,611||(20,190)|8,682|840,103|
|Strategic Development
fund
Final salary pension
liability||||207,364
~(19.999|||(87,724)
19,000|119,640|
|||||1,039,975||(20,190)|(60,042)|959,743|
|Total|Unresb icted|funds||1,330,279|2,225,935|(2,184,098)||1,371,116|
|22.|Analysis of|net|assets|between funds|||||
||For the year|ended 31 March 2022|||||||
||||||Unrestncted|Restricted|Designated|Total|
||||||Funds|Funds|Funds|Funds|
||Tangible fixed assets||||160,635||934,136|1,094,771|
||Net current assets||||767,485||108,321|875,806|
||Creditors due|after one year|||||(82,714)|(82,714)|
||Defined pension||scheme|liability|||||
||||||928,120||959,743|1,887,863|
##
|||Unrestdicted|Restricted|Designated|Total|
|---|---|---|---|---|---|
|||Funds|Funds|Funds|Funds|
|Tangible fixed assets||86,385||954,325|1,040,710|
|Net current assets||690,495||197,364|887,859|
|Creditors due after one year||||(92,714)|(92,714)|
|Defined pension scheme|liability|||(19,000)|(19,000)|
|||776,860||1,039,975|1,816,885|
##
##
##
|enefit accrual. The disclosures
below
is pr
Scheme"):|ovided
in respect of Age
UK|Retirement
Benefit S|cheme ("th|
|---|---|---|---|
|Total costs recognised
in the period:||2022
5'000|2021
6'000|
|Current service costs||13|14|
|Past service costs||||
|Other finance costs||||
|Pension expense recognised as an expense||13|15|
|Amount
recognised as other comprehensive|income|(28)|(17)|
|Total recognized||(15)|(2)|
|The amounts
recognised
in the balance sheet are as follows:||2022
5'000|2021
6'000|
|Fair value ofscheme
liabilities||(2,560)|(2,663)|
|Fair value ofscheme assets||2,735|2,644|
|Surplus
in the scheme (not recognised)||175|(19)|
##
##
|||||2022|2021|
|---|---|---|---|---|---|
|Change
in present value of|the defined benefit obligation:|||F'000|6'000|
|Opening
defined benefit obligation||||2,663|2,472|
|Interest cost||||55|54|
|Actuarial
(gain)/loss
arising on scheme liabilities||||(73)|214|
|Benefits paid (including
expenses)||||(85)|(77)|
|Liabilities
in scheme at end|ofthe year|||2,560|2,663|
|||||2022|2021|
|Change
in fair value ofscheme assets||||6'000|6'000|
|Opening
fair value ofscheme|assets|||2,644|2,455|
|Expected return
on scheme assets||||55|53|
|Actuadial
(losses)/gains||||74|197|
|Employer contdibutions||||60|30|
|Benefits paid (including
expenses)||||(98)|(91)|
|Total market value ofassets||||2,735|2,644|
|Major categories ofscheme|assets as a percentage||oftotal assets|2022|2021|
|||||0/|0/|
|Equities||||16.7|19.3|
|Diversified
growth||||12.6|12.5|
|GIRs and bonds||||59.9|68.8|
|Infrastructure||||9.5||
|Cash||||1.3|2.4|
|||||100|100|
|||||2022|2021|
|||||6'000|6'000|
|The actual return
on scheme|assets for the year was|||250|185|
|Principle actuarial assumptions||at the balance sheet date||2022
0/|2021|
|Discount rate||||2.8|2.1|
|Rate ofincrease
in payment|of pre 2006 pensions|||3.6|3.1|
|Rate ofincrease
in payment|ofpost 2006 pensions|||2.5|2.5|
|Inflation
rate (RPI)||||3.6|3.1|
|Inflation assumption
(CPI)||||2.8|2.3|
|The assumed|The assumed|life expectations|on retirement|at age 65|2022
Years|2021
years|
|---|---|---|---|---|---|---|
|RetiYing|today|—males|||87.1|87.1|
|Retiring|today|—females|||89.5|89.4|
|Retiring|in 20|years —males|||88.1|88.1|
|Retiring|in 20|years —females|||90.6|90.6|
##
|Group|Group|Charity|Charity|
|---|---|---|---|
|2022|2021|2022|2021|
|8|6|6|6|
||14,216|||
||14,216|||
##
##
##
||||||2022|2021|
|---|---|---|---|---|---|---|
||||||8||
|Net income
/ (expenditure)|||for|the period|86,008|87,551|
|~Ad'
I~|I
f||||||
|Investment|income|||||(267)|
|Depreciation|||||58,413|151,631|
|Pension scheme adjustment|||||(34,000)||
|(Increase)|/ Decrease|in stock|||(9,229)|(2,025)|
|Decrease /|(increase)|in debtors|||50,953|77,709|
|(Decrease)|/ increase|in creditors|||(71,509)|(81,117)|
|Net cash provided
by||operating||activities|80,636|233,482|
##
##
|||1Apr|Cash|31 Mar|
|---|---|---|---|---|
|||2021|flows|2022|
|||f|||
|Short|term cash borrowings|(10,000)||(10,000)|
|Long|term cash borrowings|(92,714)|10,000|(82,714)|
|Total|liabilities|(102,714)||(92,714)|
|Cash|and cash equivalents|795,921|(41,838)|754,083|
|Total|net debt|693,207|(31,838)|661,369|
##